LANJIAN(SH:688557) Zheng Quan Zhi Xing·2025-07-11 16:13Core Viewpoint - The announcement details the fulfillment of conditions for the second vesting period of the 2022 restricted stock incentive plan, allowing 471,660 shares to vest for 95 eligible participants [1][12][20]. Summary by Sections Incentive Plan Overview - The 2022 restricted stock incentive plan was approved, with a total of 1.5 million shares proposed for grant, representing 2.06% of the company's total share capital of 72.67 million shares [2][7]. - The initial grant consisted of 1.239 million shares, approximately 1.70% of the total share capital, with 261,000 shares reserved for future grants [2][12]. Grant and Vesting Details - The grant price was set at 31.55 yuan per share, later adjusted to 21.61 yuan following the implementation of annual equity distributions [2][21]. - The vesting schedule includes three periods: 30% after 12 months, 30% after 24 months, and 40% after 36 months from the initial grant date [3][4]. Performance Conditions - The performance targets for vesting are set for the years 2022 to 2024, with specific revenue growth rates required for each vesting period: 40% for the first, 100% for the second, and 150% for the third [6][18]. - The company must meet either revenue growth or net profit growth targets to fulfill the vesting conditions [18][20]. Approval and Compliance - The board and supervisory committee confirmed that the vesting conditions for the second period have been met, allowing the vesting of 471,660 shares for 95 participants [20][21]. - The plan complies with relevant regulations and does not harm the interests of the company or its shareholders [20][25]. Additional Information - The company will process the vesting and related share registration according to regulatory requirements, with the vesting date determined by the completion of necessary procedures [21][23]. - Legal opinions confirm that the stock grants have received the necessary approvals and comply with applicable laws and regulations [23][25].